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$276,000

NAL Estimated Property Value

513 Demarett Dr # 16, Point Venture, TX, 78645

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,608 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$127.43 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Dryer, Electric Range, Microwave, Electric Oven, Free-Standing Range, Refrigerator, Washer, Electric Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size1,799 sqft

Building Information

Year Built1972
Stories2
Roof Type105

Land Information

APN01478309160000
Lot Number185
SubdivisionPoint Venture Sec 2-B
Land UseResidential
Legal DescriptionLOT 185 *REPLAT OF LOTS 1,10,11&12 POINT VENTURE SEC 2-B
Census Tract037600
Assessed Land Value$66,590
Assessed Improvement Value$196,756
Assessment Year2025

About this property

Perfect spot in small Lake Travis community for investors, short-term rentals, vacation home, or permanent residence! Seller will pay $2500 in Buyer’s Closing Costs! Functional kitchen with soft-close drawers, dining nook, and breakfast bar. Fridge, table, couches, washer, dryer and bunk bed all stay with the home for easy move-in ready transition! Fresh carpet and a wall of windows complete the open family room. Enjoy the private Hill Country views from the expansive deck on the first floor and private deck from the upstairs bedroom as well facing lush treed landscaping. Three large bedrooms, two fully updated baths, walk-in closets, storage, huge laundry room, and massive outdoor storage on lower level of townhome, complete with a workshop! Amazing amenities include floating restaurant the Gnarly Gar, golf course, Jr Olympic pool overlooking the lake, tennis, disc golf, sports bar, food truck, private lakeside park with boat ramp, disc golf, beach, playground, and MORE! Relax and enjoy the beautiful sunsets from the lakeshore, entertain with live music at the floating restaurant, or get sporty out on the golf course!

Investor Tools

Property Icon
$276,000
Estimated Property Value
$147,853Estimated Mortgage Balance
$128,147Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,656 /month
Positive
Cash Flow Estimate:
$552 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$446/month
$185/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,973
$259,412
2025
$66,590
$196,756
$263,346
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,973
$259,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$157,000
No
First
Mar 27, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,853
$111,559
43%
54%
$942/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,170/mo
$1,127/mo
+$1,043/mo
9.4%

City: Point Venture

513 Demarett Dr # 16 | Property Details | No Agent List